Hayley Wicks ACCT 540 Week 5 Course Project‚ Case 1: Applying the Authoritative Sources This week‚ I will discuss my findings from the authoritative sources that relate to the case and then apply those concepts and explain how they relate to the case directly. Since the Controller of Thomas Foods is inexperienced with regards to accounting for hedging strategies‚ I have been asked to provide examples of different hedging strategies and explain how each example is implemented as well as how it is
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Written Project ACCT 301 Professor Chen From the case we discuss‚ LabCo’s accounting policy for recognizes revenue from construction contract is reasonable. According to ASC605-35-25-61‚ an entity… shall use the completed-contract...for which reasonably dependable estimates cannot be made or for which inherent hazards make estimates doubtful. LabCo Company uses a normal standard for its accounting policy which is using Percentage of complection method base on how it determine the profit (cost-to-cost
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ACCT 555 External Auditing Chapter 12‚ pages 390–397: Problems 12-17‚ 12-18‚ and 12-27 Chapter 13‚ pages 429–430: Problems 13-22‚ 13-23‚ and 13-24 Chapter 12‚ pages 390–397: Problems 12-17‚ 12-18‚ and 12-27 12-17 a. (2) technologies reduce some types of risks while introducing new types of risks to be managed. b. (1) Controls that determine whether a vendor number matches the pre-approved vendors in the vendor master file. c. (3) expand testing of automated application controls used to reduce control
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James Huang Professor Lau ACCT 495 May 2‚ 2015 BonneSante S.A. 1. How well do the chief accountant’s assumed lease characteristics line up with the company’s past lease term experience? Illustration 1: The truck lease would be accounted for as a regular equipment lease with the interest every month. Truck Rental Expense 800 Interest Expense 40 Cash 840 Illustration 2: If we determine the probability of lease terms‚ for 60% the lease will be for 6 years‚ so we will use 6 years as the lease term
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with his appearance‚ because he was mistaken for a criminal‚ murderer and a rapist when in reality this was not really true. Due to young black males being drastically overrepresented in street violence Staples had to face a lot of harassment (Staples 344). On one occasion Staples while working as a journalist in Chicago he was mistaken for a robber. The security guards treated him like a criminal mistaken who showed up to rob somebody (Staples 345). He had no way of proving that he was an editor who
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Ethics in Accounting Mistakes Julia Brewer Acct-530-61365 March 9‚ 2014 The following report will discuss Case 1-8 A Faulty budget included in chapter one of the text book Ethical Obligations and Decision Making in Accounting: Text and Cases‚ 2nd Edition. In this case‚ Jackson Daniels is an accountant for Lynchberg Manufacturing and had been employed there since graduating college a couple years back. Daniels was responsible for creating the sales budget for sales of machines manufactured by
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INTRODUCTION Hoarding reality shows may make for good TV‚ but hoarding makes for miserable families. (Tolin‚ 2008‚ pp. 334-344) Aside from the notoriety very little research has been done to until the last 15-20 on what is now being officially called a disorder. Reflecting the new thinking produced by the more recent research Hoarding Disorder has been added to the newest diagnostic manual - the DSM-V. (Butcher-Hooley & Mineka‚ Butcher‚ J.‚ 2014‚ p. 206) Often hoarders are presented as people who
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Vanessa ACCT 606 CASE 2 2/8/2011 1. I use: overhead for period / allocation base for period (in this case-DL)=Overhead Allocation Rate In 1987‚ OH$107‚954/DL$24‚682=437% 2. The changes from 1987 to 1988 were not significant. However‚ the changes in overhead allocation rates in 1989 and 1990 appeared to be significant when compared to 1987 rates. Because in 1988 and 1989‚ total overhead costs decreased about 25%‚ but direct labor costs‚ direct material costs in decreased even more
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ACCT 2127 ACCOUNTING FOR MANAGEMENT DECISIONS SEMESTER 2‚ 2013 INDIVIDUAL ASSIGNMENT – Blackmores Ltd Overview You are required to undertake an analysis of the financial health and management practices of Blackmores Limited (Blackmores). The analysis is to be based primarily on 2012 Annual Report of the corporation and any other information you deem relevant e.g. newspaper and journal articles etc. This will require you to search for articles on Blackmores. Background We will discuss
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CHAPTER 4 FINANCIAL PLANNING FOCUS We begin by explaining the nature of business planning and placing financial forecasting within that broader context. Once we get into financial planning we focus on exactly how to construct plans from physical assumptions about a business and its environment. Finally we look at some of the problems created when plans function as both goal statements and projections of what is most likely to happen in the future. PEDAGOGY This chapter
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